The American Jobs Act Still Exists

Mitt Romney is back to accusing President Obama of having no plan for economic growth:

The president’s policies have not gotten America working again. And the president is going to have to stand up and take responsibility for it. I know he’s been planning on going across the country and celebrating what he calls ‘forward.’ Well, forward doesn’t look a lot like forward to the millions and millions of families that are struggling today in this great country. It doesn’t have to be this way. The President doesn’t have a plan, hasn’t proposed any new ideas to get the economy going—just the same old ideas of the past that have failed. [Emphasis added]

The political world has all but forgotten the American Jobs Act, but it remains on the table as Obama’s plan for juicing the economy. If passed in full, the Jobs Act would cut payroll taxes for businesses, double the size of the payroll tax cut for individuals, give aid to states to prevent public sector layoffs, and increase infrastructure spending. All together, the Jobs Act would create 1.9 million jobs over the next year.

Romney, on the other hand, doesn’t have a plan for generating demand and creating short-term economic growth. What he has is a plan designed for long-term problems; he wants to expand domestic energy production, sign new trade agreements, cut the corporate tax rate and confront China over currency manipulation. What’s more, he wants to dramatically reduce the size of government and shrink the federal workforce. As Greg Sargent pointed out last month, this agenda—particularly the plans to cut federal spending—would have a negative shock on the economy. If you assume Romney intends to implement the Ryan budget—which he has said on multiple occasions—his plan would cost the economy 1.3 million jobs, according to the Economic Policy Institute.

The only jobs plan on the table right now is the one proposed by the Obama administration. Republicans should be pressured to pass it, and Romney should be challenged on his assertion that the White House has nothing to offer.

Comments

One need only to look at the record to see that Obama has provided job growth for the majority of his time in office. Where Romney complains that the growth is not fast enough, his party of the GOP has actively obstructed additional measures to increase job growth. The GOP is owned by fossil fuel money and that is evident by the short list of their approved prospects for job growth. The record shows that under GOP leadership over the previous two administrations, jobs were lost at a rate unknown since the Great Depression. Romney personally, with Bain Capital, was responsible for the corporate raiding of companies that destroyed jobs. Romeny still supports the same policies that brought us this recession.

Yes he has added over 120K Federal jobs. Now they are even addding more with the ACA between 16k and 19k just to the IRS. If we can get even more we can be just like Greece where over 50% of the citizens receive Govt. checks. His jobs act is the same as his shovel ready jobs, a sham. Smoke and mirrors that you liberal weenies buy into. He and you want to beat your chest and say he has created 4.3 million jobs. Take a lookmat the real numbers. Every month the jobs numbers released bt the Dept. of Labor are less than the amount of unemployment applications for the same month. Which means there has also been 4 million or more job losses.

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